Noble(technical)

Noble: Trading Central sees the stock capped by a longer term negative trend line since Feb 2012, with the stock recently hitting a new ytd low, after the downside breakout of $1.055. Both the 20 day and 50 day simple moving averages are heading downwards, and should maintain the selling pressure. RSI remains with in its negative territory, without showing any reversal signs. As long as the $1.12 key level holds as resistance, the house anticipates a new pullback towards $0.96 and then to $0.93.